Argo Blockchain (ARBK) Operating Expenses (2021 - 2024)

Argo Blockchain (ARBK) posted Operating Expenses of -$4.5 million for Q2 2025, down 56.46% sequentially from -$2.9 million in Q3 2024, and up 22.67% YoY from -$3.7 million in Q2 2024.

Argo Blockchain (ARBK) Operating Expenses (2021 - 2024) Analysis & Trends

Argo Blockchain (ARBK) has 5 years of Operating Expenses data on file, last reported at -$4.5 million in Q2 2025.

  • Quarterly Operating Expenses rose 22.67% year-over-year to -$4.5 million in Q2 2025, while the trailing twelve-month figure through Dec 2025 was -$7.4 million (up 37.77% YoY) and the FY2025 annual result came in at $11.0 million, down 11.85% from the prior year.
  • Operating Expenses fell to -$4.5 million in Q2 2025 per ARBK's latest filing, from -$2.9 million in the prior quarter.
  • The five-year high for Operating Expenses was $12.0 million in Q4 2021, with the low at -$21.3 million in Q4 2022.
  • Average Operating Expenses over 5 years is -$5.0 million, with a median of -$3.9 million recorded in 2022.
  • Year-over-year, Operating Expenses plunged 277.8% in 2022 and surged 102.4% in 2023.
  • Argo Blockchain's Operating Expenses stood at $12.0 million in 2021, then sank by 277.8% to -$21.3 million in 2022, then surged by 102.4% to $511000.0 in 2023, then plunged by 661.84% to -$2.9 million in 2024, then tumbled by 56.46% to -$4.5 million in 2025.
  • Business Quant data shows ARBK's Operating Expenses at -$4.5 million in Q2 2025, -$2.9 million in Q3 2024, and -$5.8 million in Q2 2024.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Morgan Stanley 330.70 Bn 197.17 Bn - 13.47 Bn
2 Goldman Sachs 309.79 Bn -627.76 Bn - 10.43 Bn
3 Schwab Charles 167.21 Bn 122.24 Bn - 3.29 Bn
4 Futu Holdings 111.36 Bn 109.19 Bn 733.58 Mn -200.78 Mn
5 Robinhood Markets 97.69 Bn 93.05 Bn 960.00 Mn 656.00 Mn
6 LPL Financial Holdings 23.49 Bn 22.47 Bn - 4.45 Bn
7 Tradeweb Markets 21.59 Bn 20.34 Bn - 330.51 Mn
8 Circle Internet 15.14 Bn 13.62 Bn 35.01 Mn 242.35 Mn
9 Iren 14.46 Bn 12.24 Bn 144.76 Mn 81.75 Mn
10 Argo Blockchain 7.99 Bn 7.98 Bn - -

Historic Data

Download Data
DateValue
Sep 30, 2024 -2.87 Mn
Jun 30, 2024 -5.81 Mn
Mar 31, 2024 -3.15 Mn
Sep 30, 2023 -3.08 Mn
Jun 30, 2023 -7.86 Mn
Mar 31, 2023 -3.56 Mn
Dec 31, 2022 -21.30 Mn
Sep 30, 2022 -11.54 Mn
Jun 30, 2022 -11.65 Mn
Mar 31, 2022 -4.17 Mn
Dec 31, 2021 11.98 Mn
Jun 30, 2021 -3.20 Mn